Bitcoin corrections have had a similar structure the last few years...

in bitcoin •  3 years ago 

Bitcoin corrections have been fairly predictable the last few years...

If you go back and look at all the major corrections from the last couple years there have some major similarities.

They have big red candle on high volume with big wick, followed by a lower low, followed by a higher low.

Something like this:

image.png

(Source: https://twitter.com/BTCfuel/status/1497236143888166912/photo/1)

We are 3 for 3 with this pattern over the last couple years and we just had this setup again now.

The gains traditionally happen in a almost a straight up fashion and it takes around a month to reach the peak.

Will history repeat?

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Upvoted! Thank you for supporting witness @jswit.
default.jpg

brother you rock in steemit

Interesting analysis!

Yeah bitcoin is down less and grow fast i see the whole history

vote me